1 - 3 Gallowgate 1 - 3 Gallowgate, Newcastle Upon Tyne, NE1 4SG

£ 27,500 pa / 1,137 sq ft
1 - 3 Gallowgate, Newcastle Upon Tyne - Picture 2024-01-31-12-44-19
Use Class

Use Class

E

Size

Size

1,137 sq ft

Rent pa

Rent pa

£27,500

Prominent unit on the junction of Gallowgate & Newgate Street/Percy Street

Arranged over ground floor with a non-tradable basement

  • E Class Suitable for a variety of uses subject to consents

  • Located a 3 minute walk from St James’ Park Stadium and opposite Eldon Square Shopping Centre

  • Nearby occupies include Greggs, Costa, Subway, Next, and Premier Inn, amongst others

The unit sits on the junction of Gallowgate/Percy Street/Blackett Street and Newgate Street with a strong corner frontage. The area is a mix of students and professionals, with occupiers on the street including Muckle LLP, Brewin Dolphin, Ernst Young, Grainger PLC, and Turner & Townsend to name a few. Close by is St James Metro Station, St James Park Stadium, Eldon Square Shopping Centre, and The Gate leisure complex, with occupiers like Budgens, Greggs, Subway, and Next in close proximity.

Key Information

Viewing

Strictly by appointment.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

Accommodation

1,137 Sq.Ft

Arranged over ground floor with a non-tradable basement

Areas
Sq.Ft
Sq.M
Ground Floor
1,137
105

Financial

Lease Type

New Lease

Lease Term

A new effective Full Repairing & Insuring lease for a term to be agreed.

Rent

Subject to contract, rental offers are invited in the region of £27500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service charge

A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts. This on an ad-hoc basis.

Tenure

Leasehold

Rates

Rateable Year:
2023
Rateable Value:
£28,500.00
Rates payable:
£14,222.00
UBR:
49.9p/£

Sustainability

Energy Performance Certificate

E
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 25/04/2024